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| LOCATION | Boston
600 Atlantic Avenue
Federal Reserve Plaza
(617) 973-3760
customercare@600atlanticfcu.org
| | | CALL FOR MORE INFORMATION ON PRODUCTS THAT HELP YOU AND YOUR FAMILY
| - Personal Checking & Savings
- Residential Real Estate Loans
- Certificates of Deposit
- First Lien Investment Properties
- Lines of Credit
- Payroll Direct Deposit
- ATM/Debit Card
- Credit Card Processing
| BOARD OF DIRECTORS
| Barry K. Maddix, Chairman
Brian J. Donoghue, Vice Chairmanl
Ralph P Moore, President
Gary P Wells, Secretary
John S Morneault
Peter Tai
Chris Precourt
David Shaw
Stephanie P Wallace
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Special Personal Loan Rate of 7.99%! | | Need cash to pay off high rate credit card balances? |  | | The Credit Union is offering members personal loans up to $10,000.00. The purpose of the loan can be to consolidate credit card debt, small home improvement projects, pay taxes owed, or a vacation. The loan is a term loan and not a line of credit. Applicants must have an average credit score or better, and the funds can not be used to pay off existing personal loans with the credit union already outstanding. The process is easy with a fast turnaround. Just complete an application and provide income verification from your employer (pay stub). Call with any questions that you may have (617) 973-3760. | | |
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  | An product offering will be forthcoming for student loans directly from Sallie Mae, the nation's leading saving and paying for college provider. The Sallie Mae Smart Option Student Loan is the ideal solution for students and their families who choose a private student loan to cover the full cost of attendance after maximizing scholarships opportunities, grants and federal loans. The Sallie Mae Smart Option Sutudent Loan is designed to help students manage these risks by encouraging responsible repayment behavior while saving significant money over the life of their loan by making the required interest only payments while in school. Six months after graduation or separation period from school principal and interest payments will occur. There will be a link on our webpage (www.600atlanticfcu.org) shortly to apply online.
 The Credit Card Accountability, Repsonsibility and Disclosure Act, known as the Card Act aims to help consumers deal with credit card issuers' more troubling policies. Below are bullet points to help summarize some of the new changes. Be wary of other Credit Cards that you may hold in your wallet as most have found new ways to generate revenue through new fees that are perfectly legal.
- 45 day notice on rate increases. The old way allow only 15 day notice. This means you still need to pay attention to your statements because the notice will accompany your statement and you may want to re-think which credit cards are at the top of your wallet.
- Rates of existing balances. Rates on existing balances can only be raised if you are more than 60 days late on your payment. Over 60 days allows issuers to change your card agreement and rate on all existing and future purchases.
- Paying more than the minimum due. If you have two balances, one at 3.99% and another at 16.99%, for instance, an you make a $150 payment when the minimum due is only $100, the additional $50 will go toward the higher rate balances.
- Grace Period Extended: The new law states a 21-day minimum grace period from the date your bill is delivered. This may vary so please check with the issuer.
- Timing of Payments: Do everything possible to have your payment credited immediately. Any delay may mean your susceptible for more fees. The law now states that your due date be the same each month, and if your payment is delivered on a non-business day like a weekend or holiday, it can not be considered late.
- Double Cycle Billing: Where the issuer adds finance charges for previous billing cycle to an account that was paid off as a result of utilizing an average daily balance up until the time of the payment was received.
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 | | | Why not hold our card? The annual percentage rate (APR) is 11.9%. Below are the benefits of holding our card versus other card issuers: - Rate is not variable where it is based on some indice such as the Prime Rate plus some percentage.
- No Annual Fee
- No Cash Advance or Tiered Rate ( a $2.00 charge for each cash advance may apply when using outside bank or ATM)
- No purchases will authorize when the cost of that purchase causing the total balance outstanding to exceed your credit limit (no over-the-limit fee).
- Rewards progam called Scorecard where you can redeem points for merchandise
- Penalty Fees only for late payments and/or non-sufficient fund payment/returned checks ($20)
- Can opt for rate of 9.99% when authorizing VISA to automatically debit your Credit Union account for the monthly payment due in a fixed dollar amount, minimum payment of the outstanding balance, or pay in full each month.
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